Liberia parliament approves ExxonMobil farm-in
Issue 251
- 05 Apr 2013
| 1 minute read
Liberia’s Senate and House of Representatives have voted to ratify an amended production-sharing contract for Block LB-13, enabling Canadian Overseas Petroleum Ltd (COPL) to bring in ExxonMobil as a partner (AE 250/1). The deal, which enables the US supermajor to take an 80% operating stake, had created controversy because of suspicions that Liberia might not be getting the best deal.
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